$ORION Polkastarter IDO Whitelist Opens in a few hours, be ready!
Orion Money is excited to announce that our Initial Decentralized Offering (IDO) for the $ORION token will take place on Polkastarter on Wednesday, September 29 at 1 p.m. UTC (9 a.m. EST).
Orion Money will become the first Terra ecosystem project to launch on Ethereum, demonstrating the momentum of Orion Money as we build out our dApps and generated over $73,000,000 in stablecoin TVL.
$ORION Polkastarter IDO Whitelist Opens in a few hours, be ready! 👀
Orion Money is Your Next Crypto Bank
Crypto community members often use stablecoins to convert fiat currency into assets, or as a bridge from one token to another, on crypto exchanges. They’re an important part of everybody’s crypto portfolios, but most stablecoin savings solutions offer lackluster yields and benefits. Worse yet, stablecoins tend to operate in a limited capacity on their respective blockchains, restricting use cases.
Orion Money gives you a way to make the most out of your stablecoins by placing interoperability at the core of our philosophy. We are building a cross-chain stablecoin bank to offer savings options with one of the highest and most stable yields, insured lending, and payment options for users to spend their stablecoins too.
These are delivered via our upcoming constellation of dApps: Orion Saver, Orion Yield and Insurance, and Orion Pay. Orion Saver is live https://app.orion.money and attracted already $73M+ in deposits.
All net revenue generated from the Orion Money ecosystem will be used to buy $ORION token from the market, hence creating even value for Orion Money protocol participants. Orion money will motivate users to stake their $ORION tokens to maximize benefits. Depositors will receive boosted yields based on their staked $ORION. Plus, $ORION stakers can participate in governance activities, like putting forward proposals to adjust APYs and the project’s spending plans. Please read Orion Money Litepaper for a deeper review of our plans and $ORION tokenomics.
Orion Money Progress so far
At Orion Money, we shoot for the stars, here’s what we achieved in the last few months:
- May: Coming with a strong development team from the start (now with 9 experienced developers), the Orion Money team won 1st place in the Terra hackathon that was organized in May by Delphi Digital and IDEO.
- June: We also launched our first product, Orion Saver Alpha one month after and closed a $1.7M Seed Round from top value-adding VCs in the crypto space. Read the full June update here.
- July and August were particularly exciting because, among other great things, we launched Orion Money Community Farming and hit our $70 million deposit hard cap in 3.5 days — far faster than our planned 21 days. We are especially grateful to the 700+ investors, projects, and community members that joined Orion Money on its journey! With the trust of top investors and crypto projects, Orion Money has raised $4.2M so far in Seed and Community Farming rounds. July and August update.
And now September sets to be even more busy and exciting — with Orion Money IDOs on not one, but two of the most popular Ethereum launchpads. (Read about our DAOMaker SHO listing here)
Orion Money addresses a huge cross-chain opportunity and is moving very fast to capture it. We already launched a live product (Orion Saver) on the Ethereum chain, have built a great community, and grew our initial TVL to $70m+. But this is just a start for Orion Money — we have ambitious plans to develop our full set of Orion Money dApps, have a presence on every major chain and L2, and grow deposits to billions in TVL within the next 12 months.
Join Orion Money for a space ride!
Polkastarter is the fully decentralized protocol for launching new ideas. Our curation process and industry access enable us to offer the best new projects in blockchain and digital assets. With Polkastarter, decentralized projects can raise awareness, build a loyal community, and receive long-term support. Users of the platform will be able to participate in a secure and compliant environment and use assets both in and beyond the current ERC20 standard.
About Orion Money
Orion Money’s vision is to become a cross-chain stablecoin bank providing seamless and frictionless stablecoin saving, lending, and spending. Within the Orion Money stablecoin bank, we have three main products planned — Orion Saver, Orion Yield and Insurance, and Orion Pay. Orion Money uniquely brings high yields from Terra to users on Ethereum protocol in easy-to-use dApps.